Guidance Needed: Compliance for a Non-Resident Single-Member LLC (New Mexico)
Hello everyone, My name is Ahsan, and I’m from Bangladesh. I formed a single-member LLC in New Mexico in 2023 to start an online business. So far, there has been no active business income or operations. The only transactions have been: - Paying subscription fees from my US business bank account. - Covering registered agent fees and other costs using my home country credit card. I was aware that New Mexico does not require an annual report for LLCs, but I now realize I may have overlooked other compliance responsibilities. I obtained an ITIN but have never filed a tax return with the IRS, largely due to confusion from conflicting information and my own lack of knowledge at the time. I am now actively learning about US compliance and want to correct any oversights. I would be grateful for clarity on the following: 1. State Taxes: As a non-resident with a single-member LLC in New Mexico (with no business activity), do I need to file a state tax return? 2. Federal Filing: Can I file a zero-income return for 2025, using a service like OLT dot com, even though it’s past the original deadline? 3. Previous Non-Filing: Could there be issues because I haven’t filed anything (for 2023 and 2024) with the IRS until now? If anyone has experience or resources to point me in the right direction, it would be an enormous help. Thank you in advance for your support. Best regards, Ahsan